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Actuarial Science Undergraduate Program

Actuarial science is the discipline that applies mathematical, statistical methods and financial concepts to assess risks in particular in insurance, finance and other industries and professions. Essentially ‘actuaries’ use statistics to predict uncertain events, such as, accidents, premature death and natural disasters. It is a joint program running together with Mathematics Department and Department of Banking and Finance, which provides highly qualified education with international academic staff, expert in their fields.

Why Actuarial Science ?

  • Actuary occupation takes its place among the first five occupations in top ten in terms of money, prestige and job satisfaction in the USA and in Europe.
  • In U.S. News & World Report’s 2017 ranking of 26 Jobs with the Most Job Security, actuaries (with a median annual salary of $97,070) came in at No. 23.
  • According to the Bureau of Labor Statistics, employment of actuaries is projected to grow 22 percent from 2016 to 2026, much faster than the average for all occupations.
  • The first Actuarial program in TRNC.
  • The first Actuarial Science Program in Turkey, in the medium of English language.
  • According to the “Actuarial Regulations” in Turkey, every insurance company operating in the life branch has to operate an actuary registered with Actuarial Registry.

Academic Staff

The program is conducted by a well equipped academic staff including:

  • 13 professors (5 in mathematics, 3 in computer sciences, 5 in banking and finance)
  • 5 associate professors (2 in mathematics, 3 in banking and finance)
  • 12 assistant professors (10 in mathematics, 2 in banking and finance)

Facilities

  • 3 computer laboratories : 25 client computers in each serving to our students for their practices on different subjects.
  • Trade master lab: a platform to monitor and experience financial transactions
  • Research laboratory: It is equipped with three powerful i7 systems and one Linux system. The systems enable the use of the latest versions of program packages such as Matlab, Maple, Mathematica, Visual Studio, SPSS, Minitab, Eviews, Fortran, R and R studio etc.

Contact

Tel: +90 392 630 1227
Fax: +90 392 365 0416
E-mail: math@emu.edu.tr
Web: https://math.emu.edu.tr

Please contact to department and/or faculty for detailed information about courses.

Ref. Course Code Course Title Lec. Lab Tut. Credit ECTS Syl.
Semester 1
4A711 MATH151 Calculus - I 4 - 1 4 -
4A712 ECON101 Introduction to Economics - I 3 - 1 3 -
4A713 MGMT101 Introduction to Business - I 3 - - 3 -
4A714 COMP183 Fundamentals of Computer Science - I 3 2 - 4 -
4A715 ENGL181 Academic English - I 5 1 - 3 -
4A715 ENGL191 Communication in English - I 3 1 - 3 -
4A716 HIST280 Atatürk İlkeleri ve İnkilap Tarihi 2 - - 2 -
4A716 TUSL181 Turkish as a Second Language 2 - - 2 -
Semester 2
4A721 MATH152 Calculus - II 4 - 1 4 -
4A722 MATH106 Linear Algebra 3 - 1 3 -
4A723 ECON102 Introduction to Economics - II 3 - 1 3 -
4A724 ACTS102 Principles Of Insurance And Actuary 3 - 1 3 -
4A725 ENGL182 Academic English - II 5 1 - 3 -
4A725 ENGL192 Communication in English - II 3 - 1 3 -
Semester 3
4A731 MATH203 Ordinary Differential Equations 3 - 1 3 -
4A732 ACCT201 Principles of Accounting - I 3 1 - 3 -
4A733 STAT201 Statistics - I 3 1 - 3 -
4A734 ACTS201 Principles Of Life Insurance 3 - 1 3 -
4A735 MGMT201 Principles of Management 3 - - 3 -
Semester 4
4A741 ACTS202 Actuarial Mathematics 3 - 1 3 -
4A742 MATH222 Financial Mathematics 3 - 1 3 -
4A743 ACTS204 Insurance Accounting 3 - 1 3 -
4A744 MATH322 Probability and Statistical Methods 3 - 1 3 -
4A745 UE01 University Elective - I 3 - - 3 -
Semester 5
4A751 MATH324 Statistics 3 - 1 3 -
4A752 ACTS205 Insurance Law 3 - - 3 -
4A753 FINA301 Financial Management 3 1 - 3 6
4A754 ACTS305 Non Life Insurance 3 - - 3 -
4A755 COMP301 Insurance Software Applications 2 2 - 3 -
4A756 UE02 University Elective - II 3 - - 3 -
Semester 6
4A761 MATH326 Stochastic Analysis 3 - 1 3 -
4A762 MATH348 Regression Analysis 3 - 1 3 -
4A763 FINA308 International Finance 3 - - 3 6
4A764 FINA302 Money and Banking 3 - - 3 -
4A765 FINA325 Investments 3 1 1 3 6
4A766 UE03 University Elecitive - III 3 - - 3 -
4A767 BANK400 Internship - - - - -
Semester 7
4A771 ACTS401 Risk Theory 3 - - 3 -
4A772 ACTS302 Reinsurance 3 - - 3 -
4A773 COMP411 Data Mining 3 - 1 3 -
4A774 AE01 Area Elective - I 3 - - 3 -
4A775 AE02 Area Elective - II 3 - - 3 -
Semester 8
4A781 FINA416 Portfolio Management 3 1 - 3 6
4A782 FINA462 Financial Modeling 3 1 - 3 -
4A783 AE03 Area Elective - III 3 - - 3 -
4A784 FINA418 Behavioral Finance 3 1 - 3 6
4A785 AE04 Area Elective - IV 3 - - 3 -

Undergraduate Programs

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